DALLAS, Oct. 15, 2018 – Woodbine Legacy Investments (WLI) purchased the 375-room DoubleTree by Hilton Hotel Los Angeles – Westside and an adjacent entitled 2.2-acre development parcel from The Carlyle Group for $151.5 million. The broker for the transaction was Eastdil Secured. The purchase of the DoubleTree LA – Westside marks the third acquisition for WLI, a private real estate fund created and managed by Woodbine Development Corporation.
Woodbine’s plans for the Culver City hotel include a $35 million renovation, which is set to begin in early 2019. The company’s plans also include developing the adjacent 2.2-acre parcel, Entrada, which is entitled to 300,000 square feet of office development. That project is anticipated to kick off in late 2019. Continue reading “Woodbine Legacy Investments Acquires 375-Room Doubletree by Hilton Los Angeles – Westside for $151.5 Million”